Starstone Ltd., has two portfolios of investments: trading investments using the fair value through profit or loss model and investments in associates using the equity method. Information regarding these two portfolios is shown below:

Balance of the beginning of the year: Trading investment= 100,000, investment associates=298,000 purchase of the investments during the year: trading investment= 29,600, investment associates= 40,500 proceeds from sale of investments during the year: trading investment= 7100, investment associates= 31,000 realized fain on sale of investments: trading investments=11,200, investment associates= (10,600) dividends receive: trading investments=2800, investment associates=8000 share of associates net income: trading investments=0, investment associates= 41,300 fair value of portfolio end of year: trading investments= $90,400, investment associates=353,000 a. determine the balances in each of these investment accounts at december 31 . Show ur work b. Present the accounts and the amount that Caradeyne holdings will report on the income statement pertaining to these investments